Director, Actuary

Prudential Financial • Newark, NJ

30d • $158,800 - $238,200 • Hybrid

About The Position

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions! Prudential has, recently, formed a captive reinsurance company, Ironbound Re, to reinsure Pension Risk Transfer (PRT) deals. This role will support the Appointed Actuary, of the captive, in providing the Actuarial Opinion Memorandum (AOM), quarterly GAAP/Stat reporting, and overseeing the Pricing/Valuation assumptions and methodologies. It is a role that requires collaboration with many internal functional teams, external auditors, and regulators. This is a critical and high visibility role for the PRT business which is a core element of Prudential's enterprise strategy. Success within this role would provide opportunities for leadership roles in Finance and Actuarial functions. The current EWA for this position is Hybrid and requires your on-site presence 3 days per week.

Requirements

• Must have FSA, or near FSA, designation
• At least two years of GAAP or Stat reporting experience
• Strong communication (both written and verbal) skills
• At least five years of experience with Annuities, Pensions, or Life Insurance products
• Expert user of the Microsoft Office suite

Nice To Haves

• Experience with implementing any of the following regulatory changes: LDTI, VM-20, VM-21, and VM-22
• Experience with asset/liability models
• Some expertise in a programming language
• Experience working in a Valuation team

Responsibilities

• Provide support for quarterly/annual GAAP, Stat, and Economic liability reporting of PRT deals reinsured to Ironbound Re
• Perform additional regulatory reporting/testing requirements
• Provide insightful analytics on the Economic liability vs Stat VM-22 reserves
• Communicate to various stakeholders on the drivers of Ironbound’s quarterly financial results
• Participate in the development of the PRT Pricing and Valuation assumptions
• Provide support to internal/external audit and oversight teams
• Collaborate with Valuation, Pricing, Finance, Treasury, IT, Portfolio Management, Product Management, and Government Affairs teams

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed